Bitcoin (Bitcoin) It was slightly close to $50,000 on August 22, as concerns about the bearish downturn reappeared in time.
“Moderately bearish” signs are accompanied by a $50,000 increase
The weekend demonstrated a higher level of staying power, and even lower volume failed to trigger a decline.
“So far, very good for BTC,” trader and analyst Rekt Capital Summary.
Nevertheless, with the approach of $50,000, people began to worry about the overall strength of the market.
As pointed out by the monitoring resource material indicators, the habits of traders imply a belief in a lower level of return. A futures setting involves USD 32,000 and USD 34,000 settled at the end of August and September respectively.
This, account Arguing, Is “moderately bearish.”
“In addition, we have a lot of 50,000 put options, which shows that we have been rejected here,” it added, while also emphasizing the “over-financing rate across trading platforms.
This view is naturally in line with the overall consensus of analysts, especially the stock-to-flow model and its creator’s “Worst case“The lowest monthly price.
PlanB explained this week that the price in August was US$47,000, while the US$43,000 in September is expected to be reduced only for technical reasons.
The base price of $43,000 in September/worst-case scenario is not a typo. The small drop is caused by the data. However, this is a worst-case estimate, and my basic situation is of course S2F estimate. In addition, the worst-case/minimum price of $63,000 in October meets the requirements again. So September is just a flash in the pan, there is nothing to worry about. https://t.co/tj6SSwSzKR
— PlanB (@100trillionUSD) August 16, 2021
50,000 USD points hit a record high
Equally optimistic but equally calm is the popular trader John Wick on Twitter.
“So far, some supply sides are worried about the $50,000 distribution,” he Say As part of the comments on Bitcoin breaking the $50,000 mark.
At the time of writing, before the return of professional traders and institutions on Monday, the BTC/USD trading price was slightly higher than $49,000.